gold and copper exploration

Middle Island Resources acquires Serbian mining licenses, targets gold and copper exploration

Australian company Middle Island Resources has become one of the largest holders of mining exploration licenses in Serbia after acquiring fellow Australian firm Konstantin Resources. The acquisition gives Middle Island 14 licenses covering 62,000 hectares, more than any other company in the country. The licenses include three main project areas—Bobija, Priboj, and Timok—focused primarily on gold and copper, with additional potential for silver, lead, and zinc. The initial focus is on the Bobija project, a 20,800-hectare site about 100 km…